Quote from: deisik on Today at 09:56:57 PM

So you agree that after we hit the bottom in 1995, the wages have been rising in real terms ever since then, and that has been the case for 25 years. Point proved

Except that's not the point you made. Here is the point you made:

Quote

And the irony is that wages in the US have been outperforming inflation since WWII

That is categorically not true. Yes, real terms wages are higher now than they were in 1995. That doesn't mean anything when they are still lower than they were 50 years ago.

Quote from: deisik on Today at 09:56:57 PM

So, all in all, wages outperformed inflation by 17% for 1979-2012, or around 0.5% per year. Again, point proved

And I never said they didn't. But if you look at all the data, rather than just cherry picking the years which fit your preconceived notions, wages have fallen.

Quote from: The Pharmacist on Today at 09:59:30 PM

If you consider that labor is just one more thing that gets priced in terms of US dollars, it makes sense that its price has inflated along with everything else, i.e., wages have increased along with the price of food, housing, gas, whatever.

I'm obviously not saying that wages haven't increased, but they have increased at a slower rate than the cost of living, resulting in a real terms decrease, as proved by the statistics above.